Production and Cost Analysis in the Short Run

I need help for those exercises, # 1 #2 #3 and # 4 ;
I am using Economics for managers BOOK on page 151 and 152: ECO 550 STRAYER UNIVERSITY 2008 CUSTOM EDITION; ECONOMICS for MANAGERS: ISBN- 13: 978-0-558-03749-9

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The difference between theshort-runandthe long-runproduction function is:
a. three months or one business quarter.
b. the time it takes for firms to change all production inputs.
c. the time it takes for firms to change only their variable inputs.
d. more information is required to answer this que

"CostAnalysis" : Production Economics & CostAnalysis
- Pick a good or service. Distinguish between theshort-runandthe long-runproductionandcost function for that good or service. Discuss how price plays a role in short-runandthe long-run decisions and how managers are likely to respond in each case.
- Using the sam

Suppose Labor is a Variable Input. Capital and Land are the inputs that requires the longest time period before they can be adjusted. Explain the movement of the resources in both SHORTRUNand LONG RUN
Labor
Capital
Land

(Revised) Please be specific and detailed in answering each of the discussion questions below. (Note: Number of pages to answer all questions, if required, should be no more than 7 pages) Finally, please list my questions before each of your detailed responses so I can follow along with clarity.
1. Discuss in detail wh

Suppose that a firm's fixed proportion production function is given by Q = min(5k,10L)
The firm's Total Cost (TC) function is given by TC = vK + wL,
where v is thecost of K and w is thecost of L.
v = 1
w = 3
TC = K + 3L
a) Calculate the firm's long-run total, average and marginal functions.
b) Suppose that K is

1. A company produces table and chairs with the following total cost function TC=10,000+10Q+0.1Q2 in which Q=quantity of chairs produced. If the company can sell as many chairs it wishes at the current market price of $45, how many chairs should it produce to maximize its short-run profits?
2. A production with the form Q=15

You manage a plant the mass produces engines by teams of workers using assembly machines. The technology is summarized by theproduction:
q = 5KL
Where q is the number of engines per week, K is the number of assembly machines and L is the number of labor teams. Each assembly machine rents for r = 10,000$ per week and each

Color View is a manufacturer of color monitors for personal computers. The company uses the EOQ model with gradual replenishment to determine theproduction lot sizes for its various models. Color View's newest monitor is the X-435 model. The company expects sales of this model to run at the rate of 6,000 per year for awhile. Th